OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue

OpenAI, nan creator of ChatGPT, expects astir $5 cardinal successful losses connected $3.7 cardinal successful gross this year, CNBC has confirmed.

The institution generated $300 cardinal successful gross past month, up 1,700% since nan opening of past year, and expects to bring successful $11.6 cardinal successful income adjacent year, according to a personification adjacent to OpenAI who asked not to beryllium named because nan numbers are confidential.

The New York Times was first to study connected OpenAI's financials earlier connected Friday aft viewing institution documents. CNBC hasn't seen nan financials.

OpenAI, which is backed by Microsoft, is presently pursuing a backing information that would worth nan institution astatine much than $150 billion, group acquainted pinch nan matter person told CNBC. Thrive Capital is leading nan round and plans to put $1 billion, with Tiger Global readying to subordinate arsenic well.

OpenAI CFO Sarah Friar told investors successful an email Thursday that nan backing information is oversubscribed and will adjacent by adjacent week. Her statement followed a number of key departures, astir notably exertion main Mira Murati, who announced nan erstwhile time that she was leaving OpenAI aft six and a half years.

Also this week, news surfaced that OpenAI's committee is considering plans to restructure nan patient to a for-profit business. The institution will clasp its nonprofit conception arsenic a abstracted entity, a personification acquainted pinch nan matter told CNBC. The building would beryllium much straightforward for investors and make it easier for OpenAI labor to recognize liquidity, nan root said.

OpenAI's services person exploded successful fame since nan institution launched ChatGPT successful precocious 2022. The institution sells subscriptions to various devices and licenses its GPT family of ample connection models, which are powering overmuch of nan generative AI boom. Running those models requires a monolithic finance successful Nvidia's graphics processing units.

The Times, citing an study by a financial master who reviewed OpenAI's documents, reported that nan astir $5 cardinal successful loses this twelvemonth are tied to costs for moving its services arsenic good arsenic worker salaries and agency rent. The costs don't see equity-based compensation, "among respective ample expenses not afloat explained successful nan documents," nan insubstantial said.

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